TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

nicole-a-forbes

Level 2

Question

My box 1 wages are higher than my salary. My annual salary before taxes is $36,000 and this box is $38,692. Why would this be?

Forum|Forum|7 years ago
June 1, 2019
5 replies
15 views

Not sure why this amount would be way more than I take home?

TurboTax Free Edition Online

Level 7

You may have had a taxable fringe benefit. Do you have any codes/amounts in Box 12 or Box 14?

nicole-a-forbesAuthor

Level 2

No, nothing after Box 6 is filled out.

Level 7

My best guess would be a taxable benefit, but you would need to contact your employer for a breakout of the difference.

Level 7

They can also verify that its correct and if not, issue you a corrected W-2. Your Box 4 and Box 6 are the proper amounts?

Alumni - Champ

First, your taxes are based on your gross wages, not your tax home pay. Secondly, some employee benefits are taxable, as are bonuses, cashed in vacation time, etc. Ask your employer for an explanation of the difference.

nicole-a-forbesAuthor

Level 2

right, my gross wages are $36K and it's saying my wages were $2,692 more than that.

Level 2

I am having the same issue this year. Overtime is not a factor since it is salary, and anything else is deductions. The net paid is showing my bonus I got and vacation pay etc. The gross pay is showing $5k over my total paid(total paid is what I make in my salary). Not sure where they are getting this extra 5K in a year over my salary+bonus pay especially since I am salary..